HELMA Eigenheimbau AG
HELMA Eigenheimbau AG expects dynamic corporate growth / Preliminary figures for 2020 confirmed
HELMA Eigenheimbau AG / Key word(s): Forecast HELMA Eigenheimbau AG expects dynamic corporate growth / Preliminary figures for 2020 confirmed Significant revenue and earnings growth is expected on the basis of the record new order intake achieved in 2020 and the well-filled project pipeline. Accordingly, for the 2021 financial year the HELMA Group expects revenue in a range between EUR 300.0 million and EUR 310.0 million (2020: EUR 274.0 million) and consolidated EBT in a range between EUR 25.0 million and EUR 26.0 million (2020: EUR 22.5 million). In light of the promising growth trends in the market for residential and holiday properties, the HELMA Group also aims to continue its profitable corporate growth beyond 2021. The two subsidiaries active in the property development business, HELMA Wohnungsbau GmbH and HELMA Ferienimmobilien GmbH, command potential revenue from secured land plots totalling around EUR 1.8 billion as of December 31, 2020. Provided that the market environment is stable, this potential revenue is expected to be largely realised in the next five to seven years. Future land purchases will further expand this potential. By 2024 at the latest, the HELMA Group consequently expects consolidated revenue to rise to more than EUR 400.0 million, of which HELMA Eigenheimbau AG is expected to contribute at least EUR 125.0 million, and the property development subsidiaries HELMA Wohnungsbau GmbH and HELMA Ferienimmobilien GmbH a total of at least EUR 275.0 million. The aim is to continuously increase profitability to an EBT margin of over 10.0 % (2020: 8.2 %). Accordingly, consolidated EBT of over EUR 40.0 million would be achieved for the first time by 2024 at the latest. Preliminary 2020 results confirmed: The HELMA Group confirms the preliminary results for the 2020 financial year that it announced on January 21, 2021. Based on consolidated revenue of EUR 274.0 million (previous year: EUR 263.2 million), consolidated EBT amounted to EUR 22.5 million (previous year: EUR 23.6 million), significantly above the EBT forecast for 2020 of between EUR 14.0 million and EUR 17.0 million announced on August 13, 2020. Consolidated net income after minority interests amounted to EUR 15.4 million (previous year: EUR 16.1 million). Overall earnings per share of EUR 3.84 were generated in the 2020 financial year (previous year: EUR 4.04). An overview of the preliminary financials for the HELMA Group for the 2020 financial year can be downloaded at the link below. https://ir.helma.de/download/companies/helmaeigenheimbau/Figures/2021_helma_prel_financials_en.pdf The 2020 annual report and dividend proposal for the 2020 financial year will be published on March 24, 2020. IR contact:
04-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | HELMA Eigenheimbau AG |
Zum Meersefeld 4 | |
31275 Lehrte | |
Germany | |
Phone: | +49 (0)5132/8850-345 |
Fax: | +49 (0)5132/8850-111 |
E-mail: | info@helma.de |
Internet: | www.helma.de |
ISIN: | DE000A0EQ578 |
WKN: | A0EQ57 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Stuttgart, Tradegate Exchange |
EQS News ID: | 1173010 |
End of Announcement | DGAP News Service |